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Tag: 50 basis points

Repo rate cut by 50 basis points

The South African Reserve Bank (SARB) has cut the Repurchase (repo) rate by 50 basis points. Effective 22 May 2020, the repo rate will be 3.75% per annum. SARB Governor Lesetja Kganyago made...

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Engen brings drought and fire relief to farmers

Engen, South Africa’s favourite petrol station*, has stepped up to assist drought-stricken farming communities in Sutherland in the Eastern Cape as well as areas in the...

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